Citibank Korea, union agree to close 90 branches, freeze layoffs
Jul 14, 2017
Citibank Korea, the South Korean unit of Citigroup Inc., and its labor union on Friday signed an agreement under which the bank will slightly reduce the number of branches it plans to shut down and not lay off employees without justifiable cause. Citibank Korea, which had operated a total of 126 retail banking branches in South Korea, had originally planned to shut down 101 branches. But the mo...